Is Logan County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Logan County has remained a Seller's Market.
Housing Prices in Logan County, IL
How much do homes in Logan County, IL cost?
Median Sold Price
$113,033
$81/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Logan County was $113,033 in April 2024, down 1.7% from last year, and the median price per square foot was $81.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $29K | $58K | +100.0% |
2 Bedrooms | $75.9K | $75K | -1.2% |
3 Bedrooms | $126K | $129.9K | +3.1% |
4 Bedrooms | $178.4K | $159.2K | -10.7% |
5+ Bedrooms | $267.5K | $260K | -2.8% |
Summary: Logan County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Counties
De Witt County | $118.2K | $138.5K | +17.1% |
Menard County | $149.7K | $165K | +10.2% |
Sangamon County | $163.6K | $170K | +3.9% |
Logan County | $115K | $113K | -1.7% |
Housing Supply in Logan County, IL
How many homes are available in Logan County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
87 | 82 | -5.7% |
Summary: The Logan County real estate market had 82 homes for sale in April 2024, a 5.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 23 | 22 | -4.3% |
3 Bedrooms | 38 | 34 | -10.5% |
4 Bedrooms | 17 | 16 | -5.9% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Logan County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 17 | -45.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Logan County in April 2024, down by 45.2% month-over-month. Of the 17 sold homes, 41% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Logan County, IL
How long does it take to sell a home in Logan County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 26 Days | -25.4% |
Summary: Homes in Logan County had an average of 26 days on market in Apr 2024, down by 25.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Logan County; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.